By Michael L. Cecere, CPA, MST Gray, Gray & Gray, LLP Despite a few delays and some initial confusion, the Paycheck Protection Program (PPP) loan program has distributed some $350 billion in low-interest loans to small businesses across the U.S and a new round of funding is in the works to be approved shortly. The […]
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By Michael L. Cecere, CPA, MST Gray, Gray & Gray, LLP Businesses reducing headcount during the coronavirus pandemic should be aware that choosing between a layoff or a furlough will create different impacts on the company’s retirement plan or defined benefit plan. A furlough is a short-term cessation of work for a defined period. Although
How a Layoff or Furlough Might Impact Your Employee Benefit Plan Read More »
The Massachusetts legislature has passed an emergency act that institutes a moratorium on non-essential evictions and foreclosures of residential units and small businesses during the governor’s COVID-19 emergency declaration. The act is expected to be signed into law by Governor Baker immediately and will extend for 120 days from the date of signing, or 45
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Gray, Gray & Gray enjoys offering valuable advice and guidance through our series of webinars that focus on important issues that affect you and your business. Managing Your Business Through the Covid-19 Crisis WEBINAR #10: Getting Back to Business as (Not) Usual TUESDAY, JUNE 9, 2020 1:00 – 2:00 pm ET REGISTER HERE Nobody can
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The Paycheck Protection Program (PPP) portion of the CARES Act is providing millions of small businesses with assistance in meeting payroll during the economic disruption resulting from the COVID-19 pandemic. One of the most beneficial provisions of the PPP loan program is the potential forgiveness of the debt for those businesses who follow Small Business
WEBINAR #6: How to Maximize Debt Forgiveness Form Read More »
The curve is flattening. The number of patients is falling off. New England’s governors are planning to reopen the economy. The end of the crisis is in sight. But what will it look like? How can you prepare yourself and your business for the “new normal” that will emerge from this extraordinary period of stress
WEBINAR #5: Get Ready for the “New Normal” Form Read More »
The U.S. Small Business Administration (SBA), which is administering the Paycheck Protection Program (PPP) loan portion of the CARES Act, has issued a “new interim final” rule that clarifies eligibility for certain self-employed individuals and partnerships, calculation of eligible loan amounts, and rules regarding use of PPP funds in order to potentially qualify for loan
Paycheck Protection Program Rules Clarified Read More »
2020 Energy and Propane Industry Survey Now Open! Gray, Gray & Gray’s 2020 Annual Energy & Propane Industry Survey is here! Now more than ever it’s vital to measure key business metrics and have insight into industry benchmarks. Gray, Gray & Gray’s Energy & Propane Industry Survey is one more way of our team
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The unprecedented economic disruption caused by the coronavirus outbreak is putting pressure on many businesses that are experiencing closures, lost customers and reduced cash flow. Gray, Gray & Gray is available to assist businesses of all sizes as they work to cope with the challenges posed by this health and economic crisis. We are launching
Resources to Help Mitigate Coronavirus Losses in Massachusetts Read More »
As more and more people are working from home to limit exposure and the spread of the novel Covid-19 “coronavirus,” it is important that we all increase our vigilance against unscrupulous cyber criminals who are eager to take advantage of this national crisis for their own benefit. The U.S. Secret Service has issued guidance related
Cybersecurity and the Coronavirus Read More »